Visibility gaining importance for the Social Ventures and NGOs

More and more businessman and professionals are taking an NGO to enjoys fulfillment of giving. Along with the Social Networks, Social funds, Social ventures and social entrepreneurs are also budding all around.


With this, the social work is becoming structured and attracting thoughtful talent. NGOs are craving to be more visible and articulate on what they are upto. Even they want to review their accounts on monthly basis and be updated on what's going on with the donations.

Mymuneemji was approached by one of such funds. Board of trustees have senior professionals who think that being tax compliant and having a timely MIS was very important.

We are glad for being able to give them the best price for this service with continuity and consistency on the service. They decided to move their accounts online from a offline unorganized accountant with lesser than what they spent before effortlessly.

The major benefits for adopting the online solution are as follows:

1. Monthly reports come handy for gauging the direction of the activities
2. Get their tax filings in time with timely SMS and Email reminders
3. Increasing credibility with the donors with transparency

One of the core members of the trust says "Apart from NGOs and businesses, Mymunmeeji can be useful idea to adopt for Housing Societies and Banks as well"

Register here for free tax reminders and updates.

What if accounting become live compass to the business?

It's like finding a gold bar from a junk box which we never thought was useful.

If entrepreneur perceived the accounting to be a live compass instead of a postmortem of the business, life would change drastically for businessmen and the way they perceive accounting to be.

They will start working hard to keep this live and track it daily. It will become like a dart game for them which one plays when frustrated from the regular work. One will like to check what's going on in my business? Is the hard-work right on target? Does my business have enough fuel (cash) to drive it to a distance where I want to reach before I get the next fuel station. Is the spread (growth rate) correct to control when need be and at the same time to reach in time. 

This can convert business into a game of numbers like any other game where we have a clear cut board showing where we are and what are we chasing to win. 

The enjoyment multiplies and so the business!!

Points to act on:

1. Make your accounts upto date on daily basis

2. Track all your accounts on weekly basis

3. Understand that cash is king and track it hard

4. Choose a right accountant

Believe me knowing something is almost like achieving. Just start knowing more to be winners. Accounting is way ahead!!